Broadband Prices To Come Down Drastically In India - Thanks To Reliance

Broadband aficionados rejoice. Reliance Industris' top boss Mukesh Ambani has said that the broadband prices in India will come down drastically in the coming months as his company 'Reliance Jio' ventures into the Indian Digital Markets. While speaking at the AGM, Mukesh Ambani declared that his company is investing about Rs. 1.5 Lakh Crore rupees into Internet services. It's expected that with Reliance setting up foot in the Internet domain, price disruption is not going to be a surprise.


Mukesh Ambani and his Reliance Group is very bullish on the foray in telecom domain. According to him, Reliance Jio will radically transform lives of people. The company is looking to up the headcount of its telecom business unit from current 3000 to 10,000 by next year. Reliance Jio is the only company in India which has nation-wide permits to operate 4G broadband services. It was earlier expected that Reliance Jio will begin rolling out 4G network across select Indian companies by end of 2012, but it's yet to commence roll out operations.

We're not quite sure whether Ambani is focusing on broadband offerings via wireless (4G) only. However, Ambani's hints would definitely make Internet enthusiasts all over India happier. We hope Reliance will also ensure that there are enough budget-friendly 4G capable devices available in the markets before they roll out 4G in India.

Via: <a href="https://economictimes.indiatimes.com/news/news/by/industry/telecom/RIL-AGM-Broadband-prices-will-fall-drastically-in-the-coming-future-says-Mukesh-Ambani/articleshow/20456638.cms" target="_blank" rel="noopener noreferrer">RIL AGM: Broadband prices will fall drastically in the coming future, says Mukesh Ambani - The Economic Times</a>